Mortgage Credit Certificate (M.C.C.)Program Information

BENEFITS:

20% of the mortgage interest paid on your home loan every year becomes a dollar for dollar tax “CREDIT” subtracted DIRECTLY from your Federal tax liability.

This is NOT a tax “DEDUCTION”. A deduction only reduces your income that you pay tax on. The MCC savings is subtracted directly from the tax obligation AFTER it is calculated on your adjusted yearly income.

Buyers qualify for a more expensive home price because the monthly savings from the MCC can be added to your employee W4 form so that you BRING HOME MORE MONEY on payday to help make the payment.

Benefit is received for the LIFE OF THE LOAN as long as the property is owner occupied.

Target areas and qualified veterans are allowed increased income limits and are not limited to first time homebuyers. Census tract list available at: OneRay.com/MCC

I use the information my users provide for internal purposes only. I will not sell your information or share it with outsiders. For more information about the ways that I protect user privacy while collecting data from my website, please see my:
Privacy Policy.

NOTICE:
This information is not intended to replace professional counsel. No legal advice is implied or intended. Redistribution of these materials is strictly forbidden. Information provided is solely for the private, non-commercial use of the visitor. Unauthorized interception, review, use or disclosure is prohibited and may violate applicable laws including the Electronic Communications Privacy Act.